Photo: The Canadian Press
The Real Estate Board of Greater Vancouver says May home sales rose 15.7 per cent from a year earlier.
Category: Business News
With the latest hike bringing Canada’s key interest rates to levels not seen since 2001, one mortgage broker is warning that it may be “the last straw” for some homeowners with variable mortgages.
“We started to hear from people in
The Bank of Canada did exercise patience, but not enough
Home sales, prices rising
The Canadian Press – Jun 2, 2023 / 10:00 am | Stories: 429918
Photo: Glacier Media file photo.
The Catalyst paper mill in Powell River was indefinitely shut down not long after Paper Excellence purchased it.
Earlier this year, Paper Excellence capped off an unprecedented series of multibillion-dollar buyouts to become the largest
The Canadian economy grew at an annualized rate of 3.1 per cent in the first quarter of 2023, Statistics Canada reported Wednesday.
The latest data shows growth beating out the federal agency’s own forecast of 2.5 per cent for the
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The spring surge in Toronto house prices accelerated again in May, providing another sign of persistent inflation in parts of the Canadian economy before a key central bank interest rate decision next week.
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The benchmark price
The nation’s employers stepped up their hiring in May, adding a robust 339,000 jobs, well above expectations and evidence of strength in an economy that the Federal Reserve is desperately trying to cool.
Friday’s report from the government showed that
Canada’s inflation rate reversed its cooling trend last month and moved higher, to a 4.4 per cent annual rate.
Economists had been expecting new data released by Statistics Canada on Tuesday to show the cost of living had eased from
CPP investments earn 1.3%
The Canadian Press – May 24, 2023 / 7:43 am | Stories: 428311
Photo: The Canadian Press
The Canada Pension Plan Investment Board earned a net return of 1.3 per cent in its most recent fiscal
Mortgage debt hits $2.08T
The Canadian Press – May 25, 2023 / 8:53 am | Stories: 428540
Photo: The Canadian Press
Canadian Mortgage and Housing Corp. says the country’s total residential mortgage debt was $2.08 trillion as of January this
